A regional economy perturbed by a shock may move onto a new growth path by reestablishing economic linkages both internally and with other regions. This dynamic property of regions has recently been explained in terms of regional economic resilience. In this paper, we introduce a more refined measure of economic resilience and then apply it to monthly employment data for U.S. counties in the 2007-2009 downturn. We suggest that describing and analyzing the distinct response patterns during this downturn are important starting points for policy makers to understand the spatial resilience of the US economy.
|Original language||English (US)|
|Number of pages||19|
|Journal||Review of Regional Studies|
|State||Published - Jan 1 2015|
All Science Journal Classification (ASJC) codes
- Geography, Planning and Development
- Earth-Surface Processes